Paradise, CA 95969,5471 S Libby RD
Paradise, CA 95969,5471 S Libby RD
Paradise, CA 95969,5471 S Libby RD
21
$935,800
$998,000
6.2%
Est.Price: ?

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6 Sqft Lot

5471 S Libby RD Paradise, CA 95969

Est. payment /mo
SOLD DATE : 08/05/2024

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Key Details

Sold Price $935,800

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSN23224360

Sold Date 08/05/24

Originating Board California Regional MLS

Lot Size 6 Sqft

Property Description

MOTIVATED SELLER. Prime Improved Land! This may be the opportunity you are looking for to create impressive income. This age-restricted 55+ property is centrally located and close to Shopping, Restaurants, Schools, fire, and police. Improved with a proposed 54 mobile home spaces, 47 of which have separate meters for gas, electricity. Space dimensions accommodate a mix of triple-wide, double, and single-wide manufactured homes and mobile homes. The current market would support $650 monthly space rent for $421,200 annual gross income, pro forma cap rate 28%. The Town of Paradise zoning TR-1 allows for permitted use as a mobile home park, group home, or elderly community care facilities. The subject is situated within the confines of two contiguous Assessor's parcels located west of S. Libby Road, south of Newland Road, within the town of Paradise, California. Access via a long paved driveway from S. Libby Rd gives the feeling of seclusion and privacy. A communal space is central to the park where either 4 spaces could be created or a common multi-use building could be re-built, next to the USPS mailbox cluster. The park has six septic tanks. Trenching for septic and public water to each space will be the responsibility of the new owner, has not been investigated by the listing brok

Location

State CA

County Butte

Zoning GSL,LV

Exterior

View Hills, Forest / Woods

Building

Lot Description Grade - Gently Sloped

Water District - Public

Others

Tax ID 054181026000

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Dustin Cheatham • Upside Real Estate
Bought with Dustin Cheatham

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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